The Renters’ Reform Bill 2023: Delays to Rental Market Reform
Market Insight 2023年9月22日 2023年9月22日
UK Real Estate Insights
Recent delays to the second reading of the Renters’ Reform Bill have stalled efforts to reform England’s private rental market. We look at why the bill is causing dissent among MPs.
The Renters’ Reform bill aims to redress the balance between landlords and tenants by introducing changes under the Conservative’s manifesto and levelling up agenda. These include the abolition of short-hold tenancies and “no-fault” evictions. Landlords will also have stronger repossession rights where tenants repeatedly accumulate rent arrears or demonstrate antisocial behaviour. (See our Insight Guides for all proposed changes and potential impacts).
The bill was introduced to Parliament in May 2023 with a target for Royal assent in June 2024. However, it is yet to progress to a second reading in the House of Commons where MPs will debate the legislation. However, Penny Mordaunt, Leader of the House of Commons has not included the second reading in her announcement of parliamentary business for the remaining parliamentary session.
With the prospect of a general election as early as next summer, the future of the bill is currently uncertain. We will continue to provide updates on the progress of the bill as they are available.
If you are a landlord or a tenant and require advice on how the Renters’ Reform Bill could impact you, please get in touch with our experienced Property Litigation team.
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